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Holcim Innovates With 'True Value' SE P&L Analysis

Date: 23 January 2015

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9 pages

Executive Summary

This report provides heads of sustainability, EH&S directors and finance officers with an independent analysis of Holcim’s strategic thinking around Social and Environmental Profit and Loss accounting (SE P&L), as a tool to enhance sustainability decision-making. Headquartered in Switzerland, Holcim is a global building materials conglomerate with revenues of CHF 19.7 billion ($20.3 billion). In 2014, Holcim’s Indian subsidiary Ambuja Cements (which accounted for 7% of 2013 revenues) pioneered and published the first SE P&L analysis using KPMG’s True Value methodology. To better understand Holcim’s use of the SE P&L analysis, Verdantix spoke with Pier Mario Gribaudi, Holcim’s Global Head of Sustainability Projects; Rashila Kerai, Holcim’s Global Sustainable Development Project Manager; and Barend van Bergen, Partner at KPMG in the Netherlands and Global Head of Sustainability Advisory Services. Verdantix found that the SE P&L increases visibility into sustainability risks and opportunities, complements existing sustainability valuation frameworks, and provides an opportunity for mature sustainability leaders to further innovate on sustainability practices.

TABLE OF CONTENTS

HOLCIM INNOVATES WITH ‘TRUE VALUE’ SE P&L ANALYSIS

Holcim Aims To Engage And Improve Internal Sustainability Decision-Making
SE P&L Increases Visibility Into Sustainability Risks And Opportunities

TABLE OF FIGURES

Figure 1: Holcim’s 2030 Targets Emphasize Climate, Resources And Communities
Figure 2: Ambuja Cement ‘True Value’ Earnings Bridge
Figure 3: ‘True Value’ Analyses Externalities Prioritized By Likelihood Of Internalization

ORGANISATIONS MENTIONED

Ambuja Cements, BP, European Commission, Global Reporting Initiative (GRI), Holcim, International Integrated Reporting Council (IIRC), KPMG, PUMA, PwC, Social Return On Investment (SROI) Network, Sustainability Accounting Standards Board (SASB), The Economics of Ecosystems and Biodiversity (TEEB), True Price Foundation, World Business Council for Sustainable Development (WBCSD)